Fareeha Khan - Aug 25, 2023 Form 3 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
Chief Financial Officer
Signature
/s/ Benjamin Urban, as attorney-in-fact for Fareeha Khan
Stock symbol
DRTT
Transactions as of
Aug 25, 2023
Transactions value $
$0
Form type
3
Date filed
8/29/2023, 03:43 PM
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRTT Common Shares 28.3K Aug 25, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DRTT Stock Option (right to buy) Aug 25, 2023 Common Shares 2.9K $4.50 Direct F1, F2
holding DRTT Restricted Share Units Aug 25, 2023 Common Shares 1.45K Direct F3
holding DRTT Restricted Share Units Aug 25, 2023 Common Shares 3.6K Direct F4
holding DRTT Restricted Share Units Aug 25, 2023 Common Shares 75K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price of the option of CAD$6.12 is converted to USD based on the Bank of Canada exchange rate on August 28, 2023 of C$1.3596 = US$1.00.
F2 On September 18, 2019, the reporting person was granted a stock option representing a right to purchase a total of 2,900 common shares of the Issuer (Common Shares), vesting in three equal annual installments beginning on first anniversary of the grant date.
F3 On March 1, 2021, the reporting person was granted 4,337 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
F4 On March 1, 2022, the reporting person was granted 33,708 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
F5 On June 7, 2023, the reporting person was granted 75,000 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.

Remarks:

See attached for Exhibit 24 - Power of Attorney